Notice of Product Ruling 1. This is a notice of a product ruling made under section 91f of the Tax Administration Act 1994. 2. Product ruling No. 96/45 was issued on 18 December 1996. It relates to the demutualisation process and the application of sections 61, 63, and the definitions of ``gift'' and ``disposition of property'' in section 2 (2) of the Estate and Gift Duties Act 1968. It will appear in Inland Revenue's Tax Information Bulletin, Vol. 9, No. 1 of January 1997. 3. A copy of the ruling may be obtained by writing to the Assistant General Manager (Adjudication & Rulings), National Office, Inland Revenue, P.O. Box 2198, Wellington. JEFFREY TYLER, Assistant General Manager (Adjudication & Rulings).